Walton family holdings trust sells $633.7 million in Walmart shares

BENTONVILLE, Ark.—The Walton Family Holdings Trust has reported the sale of Walmart Inc. (NYSE:WMT) shares totaling approximately $633.7 million, according to a recent filing with the Securities and Exchange Commission. The sale comes as Walmart, currently valued at $744.69 billion, has delivered an impressive 78.47% return year-to-date. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. The transactions, which took place on December 20 and December 23, involved the sale of several blocks of shares at prices ranging from $89.4934 to $93.6833 per share.

The sales included 758,468 shares at an average price of $92.2759, 2,144,503 shares at $93.0945, and 97,029 shares at $93.6833 on December 20. On December 23, the trust sold 1,186,992 shares at $89.4934, 2,635,844 shares at $90.3367, and 116,164 shares at $91.3405.

Following these transactions, the Walton Family Holdings Trust retains direct ownership of 597,050,702 shares of Walmart, maintaining its status as a significant stakeholder in the retail giant. For deeper insights into Walmart's valuation and 14+ additional exclusive ProTips, visit InvestingPro.

In other recent news, Walmart Inc. has been spotlighted in a series of noteworthy developments. The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against the retail giant and its fintech partner, Branch Messenger Inc., alleging the opening of expensive bank accounts for delivery drivers without their consent. Meanwhile, KeyBanc Capital Markets recognized Walmart as a standout investment idea for the upcoming year, maintaining an Overweight rating on the company. The firm's endorsement was based on Walmart's strong market position, consistent dividend payments, and a revenue of $673.82 billion in the last twelve months.

TD Cowen released a report suggesting FedEx (NYSE:FDX), with its Network 2.0 plan, is better positioned to enhance profitability through cost savings than United Parcel Service (NYSE:UPS), and Walmart was highlighted as a significant player in e-commerce volume growth. Tigress Financial Partners raised its 12-month price target for Walmart to $115 and maintained its buy rating, citing the company's robust growth trajectory and market share gains.

Bernstein, a division of SocGen Group, reaffirmed an Outperform rating on Walmart, expressing confidence in the company's potential to capitalize on its scale and enhance value for customers, particularly in the e-commerce sector. The firm set a price target of $102 for Walmart shares based on projected earnings per share and a price-to-earnings multiple. These recent developments highlight the ongoing attention to Walmart's performance and prospects by various financial institutions.

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